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Dec 19, 2012
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as proof, they argue congress and the president are already using disasters and war spending as loopholes to avoid making tough cuts. >> they are doing that on the one side, then proposing additional stimulus spending on the other side, and then claiming that sometime next year they'll come up with some savings. that's a very troubling formula to me. >> reporter: if a grand bargain doesn't come together in the next few days, we may fall off the fiscal cliff and then wait for a new congress to put the pieces back together in the new year. darren gersh, "n.b.r.," washington. >> susie: well, roger altman is confident democrats and republicans will strike a deal and avoid falling off the fiscal cliff. he was deputy treasury secretary in the clinton administration and is now executive chairman and founder of evercore partners. >> susie: roger, so great to have you back on "nightly business report." >> thank you, susie. >> susie: nice to see you. why are you so optmistic there is going to be a fiscal cliff deal? >> i would cite two broad reasons, and then a few reasons specific to the negotiati
as proof, they argue congress and the president are already using disasters and war spending as loopholes to avoid making tough cuts. >> they are doing that on the one side, then proposing additional stimulus spending on the other side, and then claiming that sometime next year they'll come up with some savings. that's a very troubling formula to me. >> reporter: if a grand bargain doesn't come together in the next few days, we may fall off the fiscal cliff and then wait for a new...
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Dec 18, 2012
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joins us now, hamdi ulukaya, thanks for joining us. >> thank you for having me. >> susie: so this is a real vote of confidence, especially in these tough economic times. why are you doing this big expansion right now? >> well, we trust in our business, we trust in our brand. thio gurt has a very exciting time in america right now, since we started five years ago. but also overall in the economy, if you look at t you know, we never lost confidence in america. we have some bumpy roads but we think that all things are going to go in a different direction in the next two years and we see it in our own business. >> susie: your business has been growing tremendously fast but there are a lot of other players that are getting into the greekio gurt area from general mills to dannon. what kind of pressure is this going to put on you competitively? >> look,io gurt has been around for long long time. not only in this country but in the world. but unfortunately, you know, we are eating lessio gurt here in america than most of the europe and even canada. sometimes less. this nutrition, pure simpli
joins us now, hamdi ulukaya, thanks for joining us. >> thank you for having me. >> susie: so this is a real vote of confidence, especially in these tough economic times. why are you doing this big expansion right now? >> well, we trust in our business, we trust in our brand. thio gurt has a very exciting time in america right now, since we started five years ago. but also overall in the economy, if you look at t you know, we never lost confidence in america. we have some bumpy...
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Dec 6, 2012
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also follows us on our facebook page at bizrpt. and on twitter @bizrpt.
also follows us on our facebook page at bizrpt. and on twitter @bizrpt.
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Dec 7, 2012
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and i think that finally the pressure will be on us. but they always do it right to the last, you know, minute. but i think it's got to happen or they're going to be ousted from their hallowed political seats. >> tom: you could argue in the three years you've been away from the nbr anchor desk congress hasn't done a lot to address the fiscal situation. >> no it's just ridiculous. i mean these are our elected representatives and they have got to pay a little more attention to those that got them in the office. and they're arguing amongst themselves without much care about the people they represent. >> tom: a lot of those folks are retiree, we have a question from anita asking what is the investing or financial planning lesson paul use most during retirement? >> well, the number one is hope i can live my life to the last and still have enough capital to keep me going. and a lot of investors are running up against the same thing. they're running out of capital because yields are so low in the bond market, money markets are yielding practic
and i think that finally the pressure will be on us. but they always do it right to the last, you know, minute. but i think it's got to happen or they're going to be ousted from their hallowed political seats. >> tom: you could argue in the three years you've been away from the nbr anchor desk congress hasn't done a lot to address the fiscal situation. >> no it's just ridiculous. i mean these are our elected representatives and they have got to pay a little more attention to those...
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Dec 31, 2012
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talk us through the steps over the next couple of days. let's assume we go over the cliff and there is a good chance of that. can we assume that the democrats and represent republicans are ch they are going to sign off in the next couple of days or has the dynamics changed. >> my new years resolution is tl ball. >> glad to hear that. >> it will take a lot.the sensr and they expect to have a vote by the time the ball drops or maybe just after. the house looks like it's going to come back at 12:00 tomorrow. that's the most difficult part. >> we are hearing that perhapsnt get a lot of democratic votes to pass wha whatever the central gs tomorrow. if it doesn't come together tomorrow it will come together soon. >> susie: we are listening forwe listening to this drama. how serious is it if we do go over the cliff. what happens tomorrow and the day after. >> it's not tomorrow or the daae next days the markets may be fine and there won't be a big economickieconomic impact. but if it's dragging on to january it looks like the tax increases take ef
talk us through the steps over the next couple of days. let's assume we go over the cliff and there is a good chance of that. can we assume that the democrats and represent republicans are ch they are going to sign off in the next couple of days or has the dynamics changed. >> my new years resolution is tl ball. >> glad to hear that. >> it will take a lot.the sensr and they expect to have a vote by the time the ball drops or maybe just after. the house looks like it's going to...
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Dec 25, 2012
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david, you gave us the name of a little known company that is on your list, tell us what it does and why you picked this one. any disclosures, david, do you own these stocks? all right, thanks so much, have a great holiday. we'll see you soon next time. david pelletier, portfolio manager at the streets.com. slow rog in 2012 slow progress in 2012 of women moving into top positions, in boardrooms and the executive suite. new research from catalyst shows 16.6% of fortune 500 company directors are women, up from 16.1% last year. 14.3% of company executive officers are women, up from 14.1% a year ago. as for c.e.o.'s, the number of women on the fortune 500 will hit a record 21 on january 1, when phebe novakovic takes charge at general dynamics. recently i talked with catalyst president ilene lang and asked her what's holding women back. >> the reason women don't get to the top jobs is because in their careers they are not tapped for the assignments that would really give them that breakthrough experience where they have the experience and the visibility that they have done what we call to
david, you gave us the name of a little known company that is on your list, tell us what it does and why you picked this one. any disclosures, david, do you own these stocks? all right, thanks so much, have a great holiday. we'll see you soon next time. david pelletier, portfolio manager at the streets.com. slow rog in 2012 slow progress in 2012 of women moving into top positions, in boardrooms and the executive suite. new research from catalyst shows 16.6% of fortune 500 company directors are...
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Dec 4, 2012
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tell us why? >> well, i have learned over the 42 years in this business, susie, that it's pretty tough to put stocks to the downside in the ebullient month of december. i mean it's happened but it's a pretty rare event it just seems to be the holiday sentiment tend to its lift stocks. i think that is what will happen this kror because i'm not one that thinks we'll fall totally off the cliff. >> tell us more. you think there is going to be some kind of deal by the end of the year and that is a good thing for the stock market? >> i am not sure that you will get a whole resolution to the deal but i think will you see some kind of scaled in event of the of the 265 billion of bush tax cuts only 55 billion go to the wealthy. the other 210 billion go to the middle classment i don't think president obama wants to take that away. i can see him taking it away from the wealthy folks. but not the middle class. also, if you read president obama's book you get the sense that he not only wants to leave a legacy,
tell us why? >> well, i have learned over the 42 years in this business, susie, that it's pretty tough to put stocks to the downside in the ebullient month of december. i mean it's happened but it's a pretty rare event it just seems to be the holiday sentiment tend to its lift stocks. i think that is what will happen this kror because i'm not one that thinks we'll fall totally off the cliff. >> tell us more. you think there is going to be some kind of deal by the end of the year and...
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Dec 26, 2012
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the four of us are makers of things. we love the craft and we love old crafts and this was something that you can only learn how to be a hatter by apprenticing. so this is a skill that they're not teaching in school. see, this is kind of a taller crown. >> mike: what they will teach in school is how to run a business. classes they found and took to learn about price points, niche markets, branding, sourcing, business plans. >> business is a different language, you know? so i had to learn the language. >> mike: the language they're speaking now is of success and expansion. one of only a handful of hat makers anywhere working in the hand made custom fit on average $650 per hat market, they get their straw blends from ecuador, the resurgence in men's hats were which were practical and iconic in the 1930s, '40s, and '50s,s hats are on the heads of presidents and a younger generation. so paul's hat works is headed to the big apple. >> more people; more money; more style in new york. >> mike: the language of the custom hat bus
the four of us are makers of things. we love the craft and we love old crafts and this was something that you can only learn how to be a hatter by apprenticing. so this is a skill that they're not teaching in school. see, this is kind of a taller crown. >> mike: what they will teach in school is how to run a business. classes they found and took to learn about price points, niche markets, branding, sourcing, business plans. >> business is a different language, you know? so i had to...
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Dec 1, 2012
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tell us what you anticipate here. you're not scared of some of the slow-down we're seeing with consumer demand on jewelry? >> no, we think some of the issues that have impacted tiffany this quarter and even the previous quarter, such as higher input costes, softness in asia, are temporary, not secular long-term trends. the intermediator to long-term thesis with tiffany is very solid. it's about emerging markets and taking advantage of an iconic brand in the creation of wealth around the world. >> tom: emerging markets tend to be somewhat more risky. but you're also looking for health care, which tend to be more defensive. quest diagnostics her play here. the stock has been under some pressure as the company is trying to restructure itself. >> yes. but their quest is going to take advantage of two major trends. one is the affordable health care act which in 2014 will bring some 30 million additional people into the insured category. and that should mean more testing. plus want aging of the baby boom generation is a hug
tell us what you anticipate here. you're not scared of some of the slow-down we're seeing with consumer demand on jewelry? >> no, we think some of the issues that have impacted tiffany this quarter and even the previous quarter, such as higher input costes, softness in asia, are temporary, not secular long-term trends. the intermediator to long-term thesis with tiffany is very solid. it's about emerging markets and taking advantage of an iconic brand in the creation of wealth around the...
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Dec 11, 2012
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also follows us on our facebook page at bizrpt. and on twitter @bizrpt. ♪) (♪ theme music ) matt elmore: (♪) welcome to imagemakers a weekly showcase featuring the best short films from around the world. stay tuned and enjoy the filmmakers of tomorrow today on imagemakers. imagemakers is made possible in part by a grant from: celebrating the vitality and power of the moving image. and by the: (♪ upbeat music )
also follows us on our facebook page at bizrpt. and on twitter @bizrpt. ♪) (♪ theme music ) matt elmore: (♪) welcome to imagemakers a weekly showcase featuring the best short films from around the world. stay tuned and enjoy the filmmakers of tomorrow today on imagemakers. imagemakers is made possible in part by a grant from: celebrating the vitality and power of the moving image. and by the: (♪ upbeat music )
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Dec 7, 2012
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also follow us on our facebook page at bizrpt. and on twitter @bizrpt. >> tom: i'm tom hudson with an nbr news brief. apple will return some of its computer manufacturing to the u.s. c.e.o. tim cook said the company will invest $100 million, about 1% of what it spends on factories, to make one line of its mac computers in america. new claims for jobless benefits fell by 25,000 in theeek ending december 1 to a lower than expected 370,000 requests. on wall street today, the dow rose 39 points, the nasdaq added 15, the s&p up nearly five. tomorrow, we'll talk to three small business c.e.o.s who are hiring, and find out how they're helping to chip away at the unemployment rate. and our friday "market monitor" guest says there are four things that could lead to a better economy in 2013. he's mark luschini of janney montgomery scott. for more financial news, tune in to nbr weeknights on this public television station.
also follow us on our facebook page at bizrpt. and on twitter @bizrpt. >> tom: i'm tom hudson with an nbr news brief. apple will return some of its computer manufacturing to the u.s. c.e.o. tim cook said the company will invest $100 million, about 1% of what it spends on factories, to make one line of its mac computers in america. new claims for jobless benefits fell by 25,000 in theeek ending december 1 to a lower than expected 370,000 requests. on wall street today, the dow rose 39...
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Dec 20, 2012
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having us puts us in a competitive v.. we're confident sensitive, though. demand is confident nsitive. and we have seen demand recover because consumers' confidence has improved, and their confidence that housing as a sound investment has improved, as they have seen prices rise year-over-year here. >> tom: where is building best for you? where are you looking to put shovels in the ground come springtime? >> we've had a lot of success in texas. our urban products in the metro new york area have met with great success. and we're pleased to be between washington and boston with approximately 50 of our business because that market continues to be reasonably strong. >> tom: that is a hot area. >> out on the west coast -- the job markets -- i think texas seems to have its own economy. the job market in texas is pretty strong. i think california has been reasonably strong for us as well. particularly up in the silicon valley area. i think the success of a number of the companies up there is driving the market. and seattle is another pretty wels we-posione employme
having us puts us in a competitive v.. we're confident sensitive, though. demand is confident nsitive. and we have seen demand recover because consumers' confidence has improved, and their confidence that housing as a sound investment has improved, as they have seen prices rise year-over-year here. >> tom: where is building best for you? where are you looking to put shovels in the ground come springtime? >> we've had a lot of success in texas. our urban products in the metro new...
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Dec 14, 2012
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for details, john rogers joins us. he's c.e.o. of the cfa institute that conducted the survey. so john, the u.s. stock market ranked as the best performer. if we look at the charge of coming in in second place, china and brazil. why the vote of confidence considering all these concerns about the fiscal cliff? >> you're right, susie. it's interesting. it's a happy holiday season for investors. in the u.s. the stock market is going to have returned close to 13, 14%. and charter financial analysts around the world that we surveyed as you say feel pretty good about the prospects for next year. markets often do climb a wall of worry but in perspective we've had resolution of political uncertainty here in the united states. the new political leadership in china appears to be market friendly. we have avoided having southern europe slip into the mediterranean. and so also given other asset classes equities appear to be relatively
for details, john rogers joins us. he's c.e.o. of the cfa institute that conducted the survey. so john, the u.s. stock market ranked as the best performer. if we look at the charge of coming in in second place, china and brazil. why the vote of confidence considering all these concerns about the fiscal cliff? >> you're right, susie. it's interesting. it's a happy holiday season for investors. in the u.s. the stock market is going to have returned close to 13, 14%. and charter financial...
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Dec 14, 2012
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can you tell us a little bit more, give us more color on those results? >> sure. there is more ownership about-- optimism than economic growth than last year. but there are concerns. the european debt crisis is the largest one and also very intereingly dspite th fact tha stck maet leels ve rover broadly speaking to prefinancial crisis levels, our members are very concerned about the crisis of confidence driven by ethical issues in the finance industry itself. and that is something that we pay great deal of attention to. is restoring confidence through better ethics in the profession. >> all right. we're sgoing have to leave it there. very interesting survey and the results. thank you so much. john rogers, c.e.o. of the cfa institute. >> tom: in the world of financial markets, what's bad for the economy can be good for bonds and vice versa that held true again today. the positive news on the job market caused bond prices to slip. the ten-year benchmark treasury lost ground, and the yield climbed to 1.73%. it's highest in six weeks. the yield moves in the opposite d
can you tell us a little bit more, give us more color on those results? >> sure. there is more ownership about-- optimism than economic growth than last year. but there are concerns. the european debt crisis is the largest one and also very intereingly dspite th fact tha stck maet leels ve rover broadly speaking to prefinancial crisis levels, our members are very concerned about the crisis of confidence driven by ethical issues in the finance industry itself. and that is something that we...
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Dec 28, 2012
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will use your cell phone in the coming year. as processing power gets bigger and the physical size gets smaller, companies are using that mobile technology to make products you use every day smarter as well. as ruben ramirez reports, those are two of the top tech trends we'll see in 2013. >> reporter: people use smartphones to play games, watch movies and keep up with social media, but for many the mobile phone will become a bigger part of their lives in the coming year. trendwatchers call it the mobile fingerprint or a smartphone as unique as your fingerprint. no need to type in passwords, your phone tells your computer its you, and then locks the screen when you step away. on the health front there's technology to let a smartphone help diabetics measure their glucose levels. and with retailers, going mobile means more than processing payments. >> we do something very specific which is not just focus on the mechanics of payments but the experience around it. everything from the point of sale all the way to what's in the consume
will use your cell phone in the coming year. as processing power gets bigger and the physical size gets smaller, companies are using that mobile technology to make products you use every day smarter as well. as ruben ramirez reports, those are two of the top tech trends we'll see in 2013. >> reporter: people use smartphones to play games, watch movies and keep up with social media, but for many the mobile phone will become a bigger part of their lives in the coming year. trendwatchers...
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Dec 13, 2012
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recreational use. we talk with one company profiting from medical marijuana products. >> tom: that and more tonight on "n.b.r." >> susie: an historic move today by the federal reserve. fed chairman ben bernanke and other policy makers said they will keep their key interest rate near zero until the unemployment rate falls below 6.5% or inflation rises to 2.5%. now, this is the first time the fed has set a clear economic target for how long interest rates will stay at record lows. the surprise decision means the central bank will continue stimulating the economy by buying bonds. darren gersh explains the dramatic move. >> reporter: ben bernanke and his colleagues will no longer mark a date on the calendar for when they expect to begin raising interest rates. from now on, they'll make that call based on a target for the unemployment rate and inflation. >> it'll act to some extent as an automatic stabilizer. so if the outlook worsens and that leads markets to think that the increase in rates is further out
recreational use. we talk with one company profiting from medical marijuana products. >> tom: that and more tonight on "n.b.r." >> susie: an historic move today by the federal reserve. fed chairman ben bernanke and other policy makers said they will keep their key interest rate near zero until the unemployment rate falls below 6.5% or inflation rises to 2.5%. now, this is the first time the fed has set a clear economic target for how long interest rates will stay at record...
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founding co-anchor paul kangas will join us tomorrow night, december 6. and we'll talk about the markets, and he'll answer some of your questions. that's tomorrow night. and you can submit your questions on facebook or twitter at bizrpt. i'll be in miami with both of you. >> tom: we've been straightening up the studio for your visit here, susie. we've been sweeping up and cleaning up. >> susie: i was counting on that. thanks, tom. >> tom: you've got it. >> susie: that's "nightly business report" for wednesday, december 5. have a great evening, everyone. and you, too, tom. >> tom: good night, susie. we'll see you online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt. explore new worlds and new ideas through programs like this, made available for everyone through contributions
founding co-anchor paul kangas will join us tomorrow night, december 6. and we'll talk about the markets, and he'll answer some of your questions. that's tomorrow night. and you can submit your questions on facebook or twitter at bizrpt. i'll be in miami with both of you. >> tom: we've been straightening up the studio for your visit here, susie. we've been sweeping up and cleaning up. >> susie: i was counting on that. thanks, tom. >> tom: you've got it. >> susie: that's...
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tell us about this company and why it's good for american investors? >> another example of what weha. companies that have been doing well now even if there is no change in cuba. i think the country of cuban has to be air conditioned. they are going to get a tremendous amount of business when the embargo is lifted. >> susie: what target t do you see on this stock price? >> i don't have a target butit'a long term in our por portfolio. >> carnival cruise line. >> carnival and royal caribbeanf new business. not only people traveling to cuba but people com combining vacations with a trip to cuba. it's a win win for the cruise linings if the embargo is lifted. >> one area you would like thei. that is a fiscal cliff area. >> closed american bond fundsaee leveraged and we think the dividends are going to be cut and there is a risk we would just avoid them. >> do you own any of theserecom? >> for our discretionaryaccounte closed end accounts and the herzfeld caribbean accounts olds all of the those we spoke of. >> susie: thank you very much tom. or our market m
tell us about this company and why it's good for american investors? >> another example of what weha. companies that have been doing well now even if there is no change in cuba. i think the country of cuban has to be air conditioned. they are going to get a tremendous amount of business when the embargo is lifted. >> susie: what target t do you see on this stock price? >> i don't have a target butit'a long term in our por portfolio. >> carnival cruise line. >>...
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also follow us on our facebook page at bizrpt. and on twitter @bizrpt. >> announcer: explore new worlds and new ideas through programs like this, made available for everyone through contributions to your pbs station from viewers like you. thank you. >> dr. tanzi: simply put, you need to realize that you are not your brain. that's right. you are not your brain. you are the user of your brain. your brain serves you.
also follow us on our facebook page at bizrpt. and on twitter @bizrpt. >> announcer: explore new worlds and new ideas through programs like this, made available for everyone through contributions to your pbs station from viewers like you. thank you. >> dr. tanzi: simply put, you need to realize that you are not your brain. that's right. you are not your brain. you are the user of your brain. your brain serves you.
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we visit one hospital that's using technology to do just that. and the economic and investment outlook for 2013-- we talk with gary thayer from wells fargo advisors. >> tom: we want to remind you about a special guest on nbr later this week. nbr founding co-anchor paul kangas will join us on thursday night, december 6. we'll talk about the markets, and he'll answer some of your questions. that's this thursday, december 6. you can submit your questions on facebook or twitter at b-i-z-r-p-t. >> susie: it's beginning to look a lot like christmas here at the nyse. just moments ago, the big board held its 89th annual christmas tree lighting. this year's tree is a 45-foot norway spruce, and if history is any guide, it will be one of the most visited holiday landmarks in the city. and tom, the big board's tree is embroiled in a twitter battle for bragging rights as the city's best with another famous tree, the one at rockefeller center.. >> on my way to work this morning, i saw the tree by the new york stock exchange, and it looks pretty impressive. >>
we visit one hospital that's using technology to do just that. and the economic and investment outlook for 2013-- we talk with gary thayer from wells fargo advisors. >> tom: we want to remind you about a special guest on nbr later this week. nbr founding co-anchor paul kangas will join us on thursday night, december 6. we'll talk about the markets, and he'll answer some of your questions. that's this thursday, december 6. you can submit your questions on facebook or twitter at...
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Dec 27, 2012
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say rush but i think they will have more confidence in coming back to the malls and that will help us for easter, the march-april time period. >> dana telsey attach e. thank you very much >> susie: on wall street, a gloomy start to post-christmas trading. stocks fell on those disappointing retail numbers, and more worries about getting a fiscal cliff deal in time. we'll have more on that in a moment. the dow fell almost 25 points, the nasdaq lost 22, and the s&p off six points. but more good news about housing today: home prices posted their best year-over-year growth since 2010. the closely watched s&p case- schiller index rose 4.3%, in october, beating expectations. looking at month over month performance, the 20 city index fell 0.1% from september to october. still, s&p is optimistic about housing activity in the new year. >> 2013 should be a good year for housing, we're going into the year with a whole lot of momentum, we've seen very strong housing starts, very strong construction in 2012 but even with that strength construction is still way below where it should be and we have a
say rush but i think they will have more confidence in coming back to the malls and that will help us for easter, the march-april time period. >> dana telsey attach e. thank you very much >> susie: on wall street, a gloomy start to post-christmas trading. stocks fell on those disappointing retail numbers, and more worries about getting a fiscal cliff deal in time. we'll have more on that in a moment. the dow fell almost 25 points, the nasdaq lost 22, and the s&p off six points....
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Dec 12, 2012
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mohamed el-erian joins us. he's the c.e.o. of pimco. >> tom: still head, british bank hsbc agrees to pay a record fine for laundering mexico drug money. >> susie: it's a major hit to organized labor-- michigan approved legislation today that would greatly limit labor rights. protestors swarmed the state capital as lawmakers passed a bill prohibiting unions from requiring employees to join and pay dues. the move would make michigan, one of the most union-friendly states, the 24th "right to work" state, where union dues are voluntary. >> tom: more bumpy skies for boeing's 787 dreamliner. boeing's much anticipated and high-profile plane was grounded last week, according to "the new york times." the federal aviation administration also has ordered that fuel line connectors on all 787s be inspected. analysts call these problems minor hiccups. but as sylvia hall reports, the dreamliner's profitability to boeing right now is raising bigger concerns. >> reporter: boeing's 787 dreamliner promises to use about 20% less fuel than other p
mohamed el-erian joins us. he's the c.e.o. of pimco. >> tom: still head, british bank hsbc agrees to pay a record fine for laundering mexico drug money. >> susie: it's a major hit to organized labor-- michigan approved legislation today that would greatly limit labor rights. protestors swarmed the state capital as lawmakers passed a bill prohibiting unions from requiring employees to join and pay dues. the move would make michigan, one of the most union-friendly states, the 24th...
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Dec 21, 2012
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john kozey is with us. from manhattan. john, does this deal-making and this exchange business, is it a reflection of strengthening profits expected in the exchange business in the year ahead? >> there doesn't seem to be any kind of indication of strengthening profits in the nearterm, tom. in fact, according to starmine analysis, we've seen some estimates, earnings estimates for the remaining three exchanges being taken down slightly or moderately for the coming quarter and the coming 12 months. >> so it's not some of that these companies may be inrest in loong to grow their own profit, their's buying that growth. so how can this consolidation maybe impact expectations over the course of the next few years if? >> i think what you are going to see, perhaps s a lot more attention being paid to the remaining stocks. we can talk about the nasdaq, the chicago mercantile exchange and the cboe group. each of those three of course have been under intense scrutiny today by investors and by the market. and i think there's a question
john kozey is with us. from manhattan. john, does this deal-making and this exchange business, is it a reflection of strengthening profits expected in the exchange business in the year ahead? >> there doesn't seem to be any kind of indication of strengthening profits in the nearterm, tom. in fact, according to starmine analysis, we've seen some estimates, earnings estimates for the remaining three exchanges being taken down slightly or moderately for the coming quarter and the coming 12...
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Dec 15, 2012
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iron ore is used to power steel- making furnaces. many of these steel-focused stocks have been under pressure over questions about chinese demand. the early flu season this year has claimed the corporate outlook for centene. centene is a medicaid managed insurance provider. it cut its 2012 financial forecast thanks to a more intense flu season pushing its costs up. that hit its own shares, fling 9.%. competitor wellcare also was hit falling 7.9%. four of the five most actively traded exchange traded products were lower. the emerging markets fund was the lone gainer up 0.4% and that's tonight's market focus. ok through the fiscal cliff, not to the fiscal cliff, that is the advice from our friday night market monitor, sandy lincoln back with us, the chief strategist, from the cme group in chicago, sandy, it is great to see you again. >> i appreciate it >> are you suggesting investors ignore all of the fiscal cliff worry and the threat of that cliff? >> well, i don't know what we are going to do with the obsession about the fiscal cliff
iron ore is used to power steel- making furnaces. many of these steel-focused stocks have been under pressure over questions about chinese demand. the early flu season this year has claimed the corporate outlook for centene. centene is a medicaid managed insurance provider. it cut its 2012 financial forecast thanks to a more intense flu season pushing its costs up. that hit its own shares, fling 9.%. competitor wellcare also was hit falling 7.9%. four of the five most actively traded exchange...
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Dec 11, 2012
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well, on wall street investor kos use a little comfort food. stocks have been meandering as investors are waiting on that fiscal cliff as suzanne reported a little earlier in the program. but the good news is that stocks were up, that makes four sessions in a row. >> no sugar rush though in the stock buying today at all here, suzie. let's look at our market focus. it was a quiet day of trading with no economic data and no noteworthy movement on fiscal cliff negotiations. the s&p 500 stuck to a very narrow trading range, just six points from its low point right after the opening bell to its highest level of the session, around 11:00 a.m. eastern time. the index finished up by a fraction. trading volume was light-- 591 million traded on the big board; just over one and a half billion moved on the nasdaq. the materials sector led the gains, up seven tenths of a percent. the consumer discretionary sector was the biggest drag, falling six tenths of a percent. a couple of metal stocks led the way up for materials. with global demand waning, prices ha
well, on wall street investor kos use a little comfort food. stocks have been meandering as investors are waiting on that fiscal cliff as suzanne reported a little earlier in the program. but the good news is that stocks were up, that makes four sessions in a row. >> no sugar rush though in the stock buying today at all here, suzie. let's look at our market focus. it was a quiet day of trading with no economic data and no noteworthy movement on fiscal cliff negotiations. the s&p 500...
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Dec 29, 2012
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also follows us on our facebook page at bizrpt. and on twitter @bizrpt. ♪ >>> another year of highs and lows comes to a close. tonight, "2012: the year in review," coming up next. ♪ ♪ >>> good evening. i'm scott shafer. welcome to "this week in northern california." tonight we take a look back at
also follows us on our facebook page at bizrpt. and on twitter @bizrpt. ♪ >>> another year of highs and lows comes to a close. tonight, "2012: the year in review," coming up next. ♪ ♪ >>> good evening. i'm scott shafer. welcome to "this week in northern california." tonight we take a look back at
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Dec 8, 2012
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mark luchini of janney montgomery scott tells us why. that upbeat job growth in november didn't lead to consumer cheer as december began. the reuters-university of michigan consumer sentiment survey fell in early december to its lowest level since august. the dow rose 81 points, the nasdaq was down 11 on further losses in apple shares, the s&p up four points. a mixed week for the indices, the dow industrials, which does not include apple, gained 1% for the week. with apple, the nasdaq fell 1.1%. and the s&p 500 eeked out a 0.01% gain since last friday. >> susie: one hundred of the small businesses behind the job growth we're seeing, were honored last night in washington, with inc magazine's "hire power" awards. the businesses span the country, and cross an array of sectors. sylvia hall met with three of the winners to talk about their businesses, and the one thing they have in common: success. >> reporter: they work in different states, and in completely different fields. but together, these c.e.o.s have added more than 1,500 jobs to the
mark luchini of janney montgomery scott tells us why. that upbeat job growth in november didn't lead to consumer cheer as december began. the reuters-university of michigan consumer sentiment survey fell in early december to its lowest level since august. the dow rose 81 points, the nasdaq was down 11 on further losses in apple shares, the s&p up four points. a mixed week for the indices, the dow industrials, which does not include apple, gained 1% for the week. with apple, the nasdaq fell...
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Dec 22, 2012
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and many of us believe on both sides of the aisle that fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work and more americans on the tax rolls. how we get there, god only knows. >> reporter: voters who expected congress to watch over the >> so i think the tax issue and the job issue needs to be looked >> reporter: voters who expected congress to watch over the economy after the election are watching the fiscal cliff with growing alarm. >> it's going to mean a lot of problems, the job situation will actually get worse because then companies can't borrow money and if you can't borrow money, then you're gonna have problems with hiring employees and stuff like that. >> reporter: the holidays are usually times that bring families together and many would like to see that happen at the national level as well. >> so i think the tax issue and the job issue needs to be looked at together and it shouldn't be divided among rich or middle class, or lower class it shouldn't be any class, it should be america coming together and right now
and many of us believe on both sides of the aisle that fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work and more americans on the tax rolls. how we get there, god only knows. >> reporter: voters who expected congress to watch over the >> so i think the tax issue and the job issue needs to be looked >> reporter: voters who expected congress to watch over the economy after the election are watching the fiscal cliff...